Home / Best Forex Brokers in Malaysia / 24option Broker Review

24option Broker Review

FX Scouts By Jeffrey Cammack Updated: March 17, 2020
Overall Rating
3.28 / 5
Min. DepositGBP 100
Max. Leverage30:1
Min. Spread1.1 pips
RegulatorsCySEC,IFSC
Regulator Origin CySEC IFSC
Broker TypeMarket Maker

Summary

24Option started life as a binary options provider but now also offers CFDs for Forex, Commodities, Stock and Indices.

With a 50% bonus for new traders, an award-winning trading platform - alongside the industry-standard MT4 - and leverage of 1:500 on all accounts, beginners will find 24option an easy place to start trading.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositGBP 100
Base currenciesEUR, ZAR, GBP, CHF, RUB
Number of FX Pairs46
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD1.1
GBP / USD1.4
USD / JPY1.4

Company Details

Company nameRichfield Capital Limited
Founded2010
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,IFSC
Office locations Cyprus, Belize

Deposit & Withdrawal Methods

Supported Platforms for 24option

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.28 / 5 3.83 / 5 3.13 / 5
Minimum DepositGBP 100GBP 100GBP 10
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs4670+57
Crypto Pairs5912
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 3.5 / 5
Trading Conditions 2 / 5 3 / 5 1 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4 / 5 4.5 / 5 4.5 / 5
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread1.1 pips0.7 pips1.1 pips
Hedging Yes No No
Scalping Yes No No
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Swap-Free Accounts Yes Yes
Trading Platforms MT4 Plus500 IQ option
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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24option

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IQ Option

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Overall Rating 3.28 / 5 3.83 / 5 3.13 / 5
Minimum DepositGBP 100GBP 100GBP 10
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
CySEC CySEC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFs
Forex Pairs4670+57
Crypto Pairs5912
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 3.5 / 5
Trading Conditions 2 / 5 3 / 5 1 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4 / 5 4.5 / 5 4.5 / 5
% Lose with this broker 83.29% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider 83% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread1.1 pips0.7 pips1.1 pips
Hedging Yes No No
Scalping Yes No No
Account Types
  • Basic (Standard)
  • Gold (Vip)
  • Platinum (Vip)
  • VIP (Vip)
  • Standard (Standard)
  • Live Account (Mini)
Swap-Free Accounts Yes Yes
Trading Platforms MT4 Plus500 IQ option
Funding Methods Bank Transfer, Visa, Mastercard, Skrill Bank Transfer, Visa, Mastercard, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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